Softwr

Accounting · head to head

MYOB vs Veem

MYOB logo

MYOB

Accounting

Australian accounting and business management software for small and mid-sized businesses

From
12/year
Rated
-
Full reviewWebsite
Veem logo

Veem

Accounting

Global business payments made simple

From
$14.99/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: MYOB every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months; Veem per-transaction fees can be higher than dedicated wire transfer services for large volumes
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which MYOB and Veem actually diverge.

Attributes where MYOB and Veem differ
AttributeMYOBVeem
Starting price12/year$14.99/month
Pricing modelsubscriptionUnknown
PlatformsWebWeb, iOS, Android
FoundedUnknown2014

Identical on both: free tier (No), user rating (Not yet rated), category (Accounting).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in MYOB

Nothing recorded that Veem does not also cover.

Only in Veem

  • International payments
  • Multi-currency
  • Invoice creation
  • Payment tracking
  • Accounting sync
  • QuickBooks
  • Xero
  • NetSuite

What people use each for

The jobs each tool is most often brought in to do.

MYOB

  • Tracking income and unlimited expenses for tax lodgementnot Veem
  • Processing payroll with automated superannuation contributionsnot Veem
  • Managing GST compliance and Business Activity Statement filingnot Veem
  • Reconciling bank transactions and monitoring cash flownot Veem

Veem

  • International vendor paymentsnot MYOB
  • Cross-border transactionsnot MYOB

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

MYOB

  • Every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months
  • Adding payroll employees beyond the included allowance costs an extra AUD 3/month per additional employee on top of the plan price

Veem

  • Per-transaction fees can be higher than dedicated wire transfer services for large volumes
  • No free tier - even basic sending incurs transaction fees
  • Premium plan pricing at $14.99/month may not offset savings on transaction fees
  • Limited banking partnerships compared to larger financial platforms

Pricing, plan by plan

MYOB

12/year
  • Solo by MYOB$99/year
    • First year $12 (70% off)
  • Business Lite$315/year
    • First year $94.50 (70% off)
    • Payroll $3/month per employee max 2
  • Business Pro$70/month
    • First 6 months $21 (70% off)
    • Unlimited payroll employees
    • 14-day free trial
  • Business AccountRight Plus$165/month
    • First 3 months $66 (60% off)
    • Unlimited payroll
    • 14-day free trial

Veem

$14.99/month

No published plan breakdown. See the Veem review.

Which should you pick?

Choose MYOB if

Nothing in the data separates MYOB from Veem on the points above - pick on price and on how each one feels to use.

MYOB review

Choose Veem if

  • You need international payments.
  • You work on Web, iOS, Android.
  • You also want multi-currency.
Veem review

Questions people ask

Is MYOB or Veem better?
Neither clearly leads. MYOB starts at 12/year and Veem at $14.99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, MYOB or Veem?
MYOB starts at 12/year and Veem at $14.99/month.
Does MYOB or Veem run on more platforms?
MYOB runs on Web. Veem runs on Web, iOS, Android.
What is MYOB best used for?
MYOB is most often used for tracking income and unlimited expenses for tax lodgement, processing payroll with automated superannuation contributions, managing gst compliance and business activity statement filing, reconciling bank transactions and monitoring cash flow. Of those, tracking income and unlimited expenses for tax lodgement and processing payroll with automated superannuation contributions are not what Veem is typically brought in for.
What can MYOB do that Veem cannot?
Veem covers International payments, Multi-currency, Invoice creation, Payment tracking.

Answered from the vendors’ own pages

MYOB: How much does MYOB cost?

MYOB pricing starts at $12 AUD per year (first year only) for Solo, with plans ranging to $165 AUD per month for AccountRight Plus after introductory periods expire.

Source
Veem: What payment methods does Veem support?

Veem supports ACH transfers, checks, wallet transfers, and international wires. Payment methods vary by destination country and user preference.

Source
MYOB: What is MYOB's introductory pricing?

MYOB offers 60-70% off introductory pricing for the first 3-12 months depending on plan selection, after which regular pricing applies with no lock-in contracts.

Source
Veem: Is there a free tier?

No free tier. Veem charges per-transaction fees based on payment method and destination, with optional Premium Plan at $14.99/month offering enhanced features.

Source
MYOB: Does MYOB include payroll pricing?

Payroll starts at $3/month per employee (limited on lower tiers) and is included unlimited on Business Pro and AccountRight Plus plans.

Source
Veem: What integrations does Veem have?

Veem integrates with QuickBooks, Xero, QuickBooks Online, NetSuite, Zapier, Plaid, and PopBookings for automated accounting and workflow integration.

Source
Veem: How does Veem handle exchange rates?

Veem uses claimed competitive exchange rates and provides transparent pricing. Transactions are routed through different payment rails (credit cards, checks, cryptocurrency) based on the destination.

Source
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